IMMOCECO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMOCECO
Largest movements
- Receivables within one year -€112,402
down €112,402 (-5.5%), from €2.1m to €1.9m
of which Other amounts receivable: -€107,450
- Current portion of long-term debt -€67,476
no longer reported in 2025 (was €67,476)
- Tax, wage and social debts -€44,345
down €44,345 (-87.6%), from €50,619 to €6,274
- Trade debts -€20,764
no longer reported in 2025 (was €20,764)
- Gross operating margin -€1.3m
down €1.3m, from €1.3m to -€1,617
- Taxes -€304,527
no longer reported in 2025 (was €304,527)
- Financial charges -€36,370
down €36,370 (-97.3%), from €37,362 to €991
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,066,846 | €1,938,859 | -€127,987 | -6.2% |
| Current assets | 29/58 | €2,066,846 | €1,938,859 | -€127,987 | -6.2% |
| Amounts receivable within one year | 40/41 | €2,050,244 | €1,937,842 | -€112,402 | -5.5% |
| Trade receivables | 40 | €4,952 | - | -€4,952 | |
| Other amounts receivable | 41 | €2,045,292 | €1,937,842 | -€107,450 | -5.3% |
| Cash at bank and in hand | 54/58 | €16,602 | €1,017 | -€15,585 | -93.9% |
| Total equity and liabilities | 10/49 | €2,066,846 | €1,938,859 | -€127,987 | -6.2% |
| Equity | 10/15 | €1,653,346 | €1,637,944 | -€15,402 | -0.9% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €679,207 | €679,207 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €421,000 | = | 0.0% |
| Distributable reserves | 133 | €223,207 | €223,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | €624,139 | €608,737 | -€15,402 | -2.5% |
| Amounts payable | 17/49 | €413,500 | €300,915 | -€112,585 | -27.2% |
| Amounts payable after more than one year | 17 | €32,707 | €32,707 | = | 0.0% |
| Other amounts payable | 178/9 | €32,707 | €32,707 | = | 0.0% |
| Amounts payable within one year | 42/48 | €380,793 | €268,208 | -€112,585 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €67,476 | - | -€67,476 | |
| Trade debts | 44 | €20,764 | - | -€20,764 | |
| Suppliers | 440/4 | €20,764 | - | -€20,764 | |
| Taxes, remuneration and social security | 45 | €50,619 | €6,274 | -€44,345 | -87.6% |
| Taxes | 450/3 | €50,619 | €6,274 | -€44,345 | -87.6% |
| Other amounts payable | 47/48 | €241,934 | €261,934 | +€20,000 | +8.3% |
| Other operating charges | 640/8 | €11,719 | €12,794 | +€1,075 | +9.2% |
| Gross operating margin | 9900 | €1,288,186 | -€1,617 | -€1.3m | |
| Operating profit (loss) | 9901 | €1,276,468 | -€14,411 | -€1.3m | |
| Financial charges | 65/66B | €37,362 | €991 | -€36,370 | -97.3% |
| Recurring financial charges | 65 | €37,362 | €991 | -€36,370 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €1,239,106 | -€15,402 | -€1.3m | |
| Income taxes | 67/77 | €304,527 | - | -€304,527 | |
| Profit (loss) for the period | 9904 | €934,580 | -€15,402 | -€949,981 | |
| Transfer to tax-exempt reserves | 689 | €421,000 | - | -€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €513,580 | -€15,402 | -€528,981 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.